Housing
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Ed Fine’s recent rejection for a refinancing of his home loan wasn’t exactly like former Federal Reserve Chairman Ben Bernanke’s. But there are enough similarities to raise questions about current tight mortgage market standards and how lenders scrutinize applicants’ incomes. more
In a volatile economy and real estate market, Rhode Island rents have been a source of stability. more
Rhode Island will receive $24.6 million in winter heating aid for low-income residents, U.S. Sen. Jack Reed said Wednesday. more
Purchases of new homes in the U.S. were little changed in September after the prior month was revised down, showing an uneven recovery that will limit how much residential real estate contributes to growth. more
The Northeast regionally Consumer Price Index rose 1.6 percent on a non-seasonally adjusted basis during the 12 months ended in April, a less significant increase than the 2 percent jump in consumer prices nationally, according to a report from the U.S. Bureau of Labor Statistics. more
Rhode Island Housing recently named mortgage originator Rob Rocchio its Originator of the Year Award winner. The award recognizes Rocchio’s demonstrated commitment to creating affordable financing opportunities for first-time homebuyers. more
Purchases of new U.S. homes rose in April for the first time in three months as buyers took advantage of falling mortgage rates. more
The two-year-old U.S. housing recovery is faltering. The Mortgage Bankers Association on Wednesday lowered its forecast for combined new and existing home sales in 2014 to 5.28 million - a decline of 4.1 percent that would be the first annual drop in four years. more
Like an increasing share of the properties in Providence, the vacant, white three-family at 238 Amherst St. in the Olneyville neighborhood is not a foreclosure. more
Nelson Esteves, Realtor at Re/Max Professionals in East Providence, can assist both new and seasoned homebuyers in seven different languages. His miltilingualism has allowed him to develop a trustful bond with his clients as he guides them through a big investment and a new stage of life. Esteves also has built a partnership with the Rhode Island Housing Loan Center to prepare his clients for the commitment they are about to make. Esteves has been named Realtor of the Quarter by Rhode Island Housing three times since he became a Realtor more than a decade ago, most recently for the fourth quarter of 2013. more
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